Essay PreviewMore ↓
It is important, in order for the economy to see the environment worth something, to put an economic value on it. For this reason, a group of scientists for the Center for Social and Economic Research on the Global Environment have developed an economic valuation for the environment. According to them, it is necessary to impute a value to environmental goods or services (Pearce et al, online). This value is necessary because the economy needs to see that the protection of the environment can prove cost worthy to business and industry. The purpose of valuation is to show true costs of using up scarce environmental resources. It is a way for environmentalists and economists to put a dollar figure on the services the environment provides. Robert Costanza, an ecological economist from the University of Maryland, has done just this. The estimate of services provided by ecosystems worldwide is 33 trillion dollars annually, surpassing the gross national product of al the countries on earth combined by eight trillion dollars (Zimmer 105). The environment provides services not only commercially, such as timber, but also in less visible ways. For instance, forests protect from soil erosion, which proves costly to correct. With these facts in mind, depleting ecosystems an resources proves costly, while protection them can only save money.
Business and the American economy has much to gain by altering their current practices. One prime example of how protection the environment can prove beneficial to a company is a program created by 3M called Pollution Prevention Pays.
How to Cite this Page
"The Environment and Big Business." 123HelpMe.com. 19 Sep 2018
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- The Business Environment Introduction An organisation does not exist in a vacuum. It exists in its environment, which provides resources and limitations. If an organisation adapts to its environment, it will prosper, otherwise it will fail. An organisation and its environment are interdependent and interact very intensively. o The organisation depends upon its environment for the resources and opportunities necessary for its existence. o The environment contributes resources to the organisation only if the organisation returns desired goods and services to it.... [tags: Organization Environment Business]
1258 words (3.6 pages)
- Introduction Since 1979, China has opened up its purely socialist, state-run economy to include elements of the free-market system. By doing so, China is paving the way towards becoming an economic superpower. Nowadays, an increasing number of foreign investors are conducting business either with or in China. To do this successfully, foreign businessmen and professionals must prepare themselves by learning about the business environment in China. In addition, business regulations affect accounting work directly.... [tags: Business Environment, Private Sector Regulation]
1921 words (5.5 pages)
- The business environment is constantly changing as time goes by. There are several factors that affect the aspects of the business environment such as benefits, costs, and risks of conducting business. The type of business, economic, government, and legal influences are major contributors to the business environment, Riordan Manufacturing, Huffman Trucking, Kudler Fine Foods, McBride Financial Services, The Elias Group, and Smith Systems are business that are affecting by those influences. Types of business may include sole proprietorship, partnership, limited partnership, corporation, limited liability partnership, limited liability company, c-corporation, and s-corporation.... [tags: Business Environment]
1343 words (3.8 pages)
- Business vs. the Environment Business today has so many responsibilities. Aside from making a profit, they are forced to take on a different responsibility, one that involves the environment. Even though, they already have many regulations set by the government, they are still being asked to answer to the call of helping out the rest of society take of nature. This essay will discuss the pros and cons of corporate responsibility for the environment through the agent-of-society and agent-of-capital views.... [tags: Business Environment Poverty Economics Essays]
1416 words (4 pages)
- Under which theory or theories of product liability can Kolchek sue to recover for Litisha’s injuries. Could Kolchek sue Porter or Great Lakes. In the case of Kolchek suing to recover for Litisha’s injuries, she can sure under the negligence liability. Every product should be fully tested in every way possible to see if the product functions correctly and will it injure individuals. There should not have been a whole that is not covered. Like stated in our book The Legal Environment of Business, “if a manufacture fails to exercise “due care” to make a product safe, a person who is injured by the product may sue the manufacture for negligence”.... [tags: Litisha’s injuries]
746 words (2.1 pages)
- Analysis of the External Environment of Business The Technological Environment The external business environment consists of four elements, they are as follows: Political, Economic, Social and technological. It would be impossible to analyse the whole environment in one essay, I have therefore decided to focus my essay on the technological environment. I have chosen this area to focus on because as Palmer and Hartley point out, it is one area that is forcing immense change in the external business environment.... [tags: Business Technology]
1591 words (4.5 pages)
- Analysis of the External Environment of Business A business' is commonly defined as an organisation which provides goods or services in addition to transforming input into output. Its objectives can either be profitable or non-profitable. One of the main requirements that must be fulfilled for a business to exist is that it must act and react to activities and occurrences beyond that of the organisation. These factors that happen outside of the business are known as external influences or factors.... [tags: Business Technology Analysis]
1681 words (4.8 pages)
- Many people will approach change in a business environment with pre-conceived anxiety and worries. However, this does not always need to be the case – many employers are using new strategies and tactics to promote business change in a positive light – methods such as empowerment, Kaizen production, and bottom-up change are becoming evermore popular with large companies. First though, I want to examine why workplace change is such a worry for so many staff. The underlying reason for worries about change is the reluctance to give-up the established organisational culture of a particular department or business – in a sense “the way we do things around here”.... [tags: Business Management]
1252 words (3.6 pages)
- Weatherford International Ltd (WFT) a New York Stock Exchange (NYSE) listed company is one of the world’s leading oil and gas field service and equipment providers, its products and services span the oil/gas well’s life cycle, encompassing exploration, drilling, extraction and production of all forms of oil and gas. WFT employs more than 50,000 people and operates in more than 100 countries worldwide geographically segmented into four global regions that cover all major oil and gas-producing areas, North America: Latin America: Europe/West Africa/ Former Soviet Union: Middle East/North Africa/Asia, with four individual headquarters located, Houston, Moscow, Dubai, and Singapore.... [tags: Ethical Environment, Oil, Gas]
1932 words (5.5 pages)
- Since the rise of environmental awareness, business and industry have always considered environmentalism a waste of time, only getting in the way of profits and production. From the perspective of business, environmentalists push for regulations and restrictions on businesses which cost them more money and frequently restrict some of their practices. What business an the economy doesn't know is that they can actually save money by being environmentally responsible, while protecting the very resources they depend on .... [tags: Environmental Problems, Environment Pollution]
846 words (2.4 pages)
As Paul Hawken, an environmentalist and author of "Ecology of Commerce", explains, "the single most damaging aspect of the present economic system is that the expense of destroying the earth is largely absent fro prices set at the marketplace" (13). Market prices set for products don't include the cost that future generations will have to pay to clean up the mess the current economy is fueling right now. An economy based on the rapid depletion of its own non-renewable resources is certainly destined for doom, while protection of these resources will save the businesses or corporations money while protecting what fuels it.
Hawken, Paul. "Ecology of Commerce". HarperCollins Publishing. 1993.
Pearce, David, Hadker, Nandidn, Whittington, Dale, and Dominic, Moran. "Economic Values and the Environment in the Developing World". http://unep.unep.org/unep/products/eeu/ecoserie/ecso14/ecos141.htm.
Schug, Mark, C. and Western, Richard, D. "An Economic Perspective on Protecting the Environment". Social Education v61 n6. October 1, 1997. Pgs 329-330.
Zimmer, Carl. "The Value of the Free Lunch". Discover. January 1998. Pgs. 104-105.